Foot Locker, Inc. (NYSE:FL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in shares of Foot Locker, Inc. (NYSE:FL) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 509,424 shares of the athletic footwear retailer’s stock after selling 10,226 shares during the period. Jennison Associates LLC owned approximately 0.54% of Foot Locker worth $13,164,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Foot Locker by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after acquiring an additional 71,152 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Foot Locker by 23.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after purchasing an additional 557,489 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Foot Locker by 326.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock worth $26,256,000 after buying an additional 705,237 shares during the period. Invenomic Capital Management LP raised its stake in shares of Foot Locker by 54.3% in the 1st quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock valued at $21,441,000 after acquiring an additional 264,598 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Foot Locker by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock valued at $17,183,000 after purchasing an additional 4,891 shares in the last quarter.

Insider Buying and Selling

In other news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of Foot Locker stock in a transaction on Monday, August 26th. The stock was sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the transaction, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FL shares. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Piper Sandler reissued a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research report on Friday, August 23rd. Citigroup boosted their price target on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Robert W. Baird dropped their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, Needham & Company LLC started coverage on shares of Foot Locker in a research report on Friday. They set a “buy” rating and a $27.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.33.

Foot Locker Stock Up 2.9 %

Foot Locker stock opened at $23.11 on Friday. The company’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $25.74. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -5.97, a PEG ratio of 0.66 and a beta of 1.44. Foot Locker, Inc. has a 52 week low of $20.47 and a 52 week high of $35.60.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. On average, analysts expect that Foot Locker, Inc. will post 1.5 EPS for the current fiscal year.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.